Let’s get this out of the way from the jump and take a trip down memory lane: It’s Bush’s fault. Yawn.
Bush did spend like a drunken sailor, so a chunk of debt is his. But, to those who would blame Bush for our debt situation, ponder this from the article:
"…At $13 trillion, that figure has risen by $2.4 trillion in about 500 days since President Obama took office, or an average of $4.9 billion a day. That’s almost three times the daily average of $1.7 billion under the previous administration, and led Republicans on Wednesday to place blame squarely at the feet of Mr. Obama and his fellow Democrats."…
Bush is at fault for the past. Now, what are we going to do about the present and the future?
"Federal debt tops $13 trillion mark
GOP sounds ‘alarm’ on red ink
The federal government is now $13 trillion in the red, the Treasury Department reported Wednesday, marking the first time the government has sunk that far into debt and putting a sharp point on the spending debate on Capitol Hill."…
Entire article here: washingtontimes.com/news/2010/jun/2/federal-debt-tops-13-trillion-mark/